Category

Payroll Processing

Proven Strategies to Reduce Payroll Tax Liabilities

Proven Strategies to Reduce Payroll Tax Liabilities

By | Payroll Processing, Payroll Tax Responsibilities, Taxes | No Comments

According to the Internal Revenue Service (IRS), just under one million businesses paid a penalty for problems related to the company’s annual tax return and approximately six million paid fines related to payroll taxes. Although the issue hasn’t improved much in the past three years, that doesn’t mean your company needs to waste money on…

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Determine Your Payroll Tax Deposit Schedule to Meet IRS Requirements

Determine Your Payroll Tax Deposit Schedule to Meet IRS Requirements

By | Outsourced Payroll, Payroll Processing, Payroll Tax Responsibilities, Small Business, Taxes | No Comments

The payroll process involves much more than just adding up an employee’s work hours and determining the amount of his or her paycheck for the period. You must also withhold payroll taxes along with any voluntary withholdings the employee authorizes such as premiums for health insurance. Additionally, the Internal Revenue Service (IRS) and state governments…

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When Should I Consider Using Outsourced Payroll Services?

When Should I Consider Using Outsourced Payroll Services?

By | Accounting, Human Resources, Outsourced Payroll, Payroll Processing, Payroll Tax Responsibilities, Uncategorized | No Comments

When you first started your business, you had only a few employees and no problem keeping up with payroll. Now that your business has expanded, processing payroll for so many employees seems like one more thing you no longer have the time to do. However, you can’t very well not pay your workers because you…

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What Every Small Business Should Know About Payroll Taxes

What Every Small Business Should Know About Payroll Taxes

By | Outsourced Payroll, Payroll Processing, Small Business, Taxes | No Comments

Calculating the deductions from each employee’s monthly wages is not as straightforward as it might seem. It requires extreme accuracy and attention to detail to perform correctly. Unfortunately, the Internal Revenue Service (IRS) has little tolerance for mistakes and could penalize your company with significant fines for reporting incorrect information or failing to make timely…

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What are Payroll Taxes and How do I Pay Them?

What are Payroll Taxes and How do I Pay Them?

By | Outsourced Payroll, Payroll Processing, Taxes | No Comments

As a small business owner, both federal and state governments require you to withhold certain deductions from employee paychecks and submit them on a quarterly basis. For the federal government, you must withhold funds to pay the employee’s federal, Medicare, and social security taxes. You determine federal tax by the amount the employee earns as…

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Look Out for These 5 Payment Trends Impacting Small Business

Look Out for These 5 Payment Trends Impacting Small Business

By | Accounting, Payroll Processing, Small Business | No Comments

The internet has changed the way that small business operates, including how they make payments to employees, vendors, and others on their accounts payable lists. This availability of new payment methods has also increased consumer expectations. If your company hopes to remain profitable within your industry, it must stay on top of payment trends and…

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